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ICICI Prudential Life Insurance Financial Service Consultant Interview Questions and Answers
16 Interview questions
Life insurance provides financial protection to beneficiaries upon the policyholder's death, ensuring peace of mind and security.
Types of life insurance include term life, whole life, and universal life.
Term life insurance covers a specific period, e.g., 10 or 20 years.
Whole life insurance offers lifelong coverage and builds cash value over time.
Universal life insurance provides flexibility in premium payments and...
ICICI Prudential Life Insurance is a leading life insurance company in India, offering a range of insurance and investment products.
Founded in 2000, it is a joint venture between ICICI Bank and Prudential plc.
Offers various products including term insurance, ULIPs, and retirement plans.
ICICI Pru Life has a strong claim settlement ratio, enhancing customer trust.
The company focuses on digital initiatives, providing...
Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured's death.
Provides financial protection for loved ones in case of the insured's death
Can help cover funeral expenses, outstanding debts, and ongoing living expenses
Premiums are paid regularly to maintain coverage
Types of life insurance include term life, whole life, and universal life
Beneficiaries receive the dea...
I have over 5 years of experience in financial services, including advising clients on investments, retirement planning, and insurance.
5+ years experience in financial services
Expertise in advising clients on investments, retirement planning, and insurance
Strong understanding of financial products and regulations
What people are saying about ICICI Prudential Life Insurance
I sell the product by understanding the customer's needs, highlighting the benefits, and providing personalized solutions.
Understand the customer's financial goals and needs
Highlight the key features and benefits of the product
Offer personalized solutions based on the customer's situation
Address any concerns or objections the customer may have
Close the sale by emphasizing the value the product brings
By building trust, understanding client needs, providing tailored solutions, and demonstrating value.
Build trust by listening actively and showing empathy
Understand client needs by asking probing questions
Provide tailored solutions based on client's goals and preferences
Demonstrate value by showcasing benefits and addressing objections
Close the sale by summarizing key points and asking for commitment
Life insurance provides financial protection for loved ones in case of unexpected death.
Provides financial security for loved ones
Covers expenses like funeral costs, mortgage payments, and children's education
Can also serve as an investment or retirement planning tool
Premiums are based on factors like age, health, and coverage amount
I will address customer questions with empathy, clarity, and thoroughness to ensure their needs are met effectively.
Listen actively to understand the customer's concerns before responding.
Provide clear and concise answers, avoiding jargon. For example, explain investment terms in simple language.
Use examples to illustrate complex concepts, such as comparing different investment strategies to everyday choices.
Follo...
I listen to their needs and tailor my pitch accordingly, highlighting the benefits that are most relevant to them.
Ask questions to understand their needs and goals
Tailor the pitch to address their specific concerns
Highlight the benefits that are most relevant to them
Provide examples of how the product has helped similar customers
Address any objections they may have
End with a clear call to action
Insurance is a contract between an individual and an insurance company to protect against financial loss due to unforeseen events.
Insurance provides financial protection against unexpected events
Individuals pay premiums to an insurance company in exchange for coverage
Types of insurance include health, auto, home, and life insurance
Insurance policies have terms and conditions that outline what is covered and what i...
ICICI Prudential Life Insurance Financial Service Consultant Interview Experiences
42 interviews found
jwalant hathi
Selected
I appeared for an interview in Feb 2025, where I was asked the following questions.
- Q1. What do you know about life insurance
- Ans.
Life insurance provides financial protection to beneficiaries upon the policyholder's death, ensuring peace of mind and security.
Types of life insurance include term life, whole life, and universal life.
Term life insurance covers a specific period, e.g., 10 or 20 years.
Whole life insurance offers lifelong coverage and builds cash value over time.
Universal life insurance provides flexibility in premium payments and deat...
- Q2. What do you know about Icici Prudential Life insurance?
- Ans.
ICICI Prudential Life Insurance is a leading life insurance company in India, offering a range of insurance and investment products.
Founded in 2000, it is a joint venture between ICICI Bank and Prudential plc.
Offers various products including term insurance, ULIPs, and retirement plans.
ICICI Pru Life has a strong claim settlement ratio, enhancing customer trust.
The company focuses on digital initiatives, providing onli...
Interview Preparation Tips
Meddha sai
Selected
I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
(5 Questions)
- Q1. Self introduction
- Q2. About insurance industry And product's
- Q3. About previous work experience
- Q4. About family background
- Q5. About job role and responsibilities
Interview Preparation Tips
Anonymous
(1 Question)
- Q1. Tell me about your self
- Ans.
Experienced financial service consultant with a strong background in banking and investment management.
Over 5 years of experience in the financial services industry
Specialize in providing personalized financial advice to clients
Proficient in analyzing market trends and developing investment strategies
Strong communication and interpersonal skills
Certified Financial Planner (CFP) designation
(1 Question)
- Q1. Experience explain
- Ans.
I have over 5 years of experience in financial services, including advising clients on investments, retirement planning, and insurance.
5+ years experience in financial services
Expertise in advising clients on investments, retirement planning, and insurance
Strong understanding of financial products and regulations
Selected
I appeared for an interview in Oct 2024, where I was asked the following questions.
- Q1. Tell me about your self
- Q2. Previous year experience
- Q3. Family details an
Interview Preparation Tips
Selected
I applied via Referral and was interviewed before Jan 2024. There was 1 interview round.
(1 Question)
- Q1. What is life insurance
- Ans.
Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured's death.
Provides financial protection for loved ones in case of the insured's death
Can help cover funeral expenses, outstanding debts, and ongoing living expenses
Premiums are paid regularly to maintain coverage
Types of life insurance include term life, whole life, and universal life
Beneficiaries receive the death be...
Selected
I appeared for an interview before Apr 2024, where I was asked the following questions.
- Q1. How did you become aware of the company?
- Q2. Do you like to travel?
- Ans.
I enjoy traveling as it broadens my perspective and allows me to connect with diverse cultures and people.
Traveling helps me understand different financial markets, like visiting London to learn about their banking system.
I love exploring new places, such as hiking in the Rockies, which rejuvenates my mind and enhances my creativity.
Meeting clients in different regions allows me to build stronger relationships and tail...
Interview Preparation Tips
Pranay Mohite
Selected
I applied via Campus Placement and was interviewed in Nov 2023. There was 1 interview round.
(2 Questions)
- Q1. Why are you join ICICI PRUDENTIAL LIFE INSURANCE?
- Q2. Why are you join Life Insurance company
Selected
I applied via Walk-in and was interviewed in Jul 2023. There was 1 interview round.
(2 Questions)
- Q1. Tell me about your self
- Q2. What is life insurance for you
- Ans.
Life insurance provides financial protection for loved ones in case of unexpected death.
Provides financial security for loved ones
Covers expenses like funeral costs, mortgage payments, and children's education
Can also serve as an investment or retirement planning tool
Premiums are based on factors like age, health, and coverage amount
Selected
I applied via Naukri.com and was interviewed in Jul 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Introduce yourself
- Q2. Why you choose the company
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed in Mar 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Sales questions prepare
- Q2. Good communication skills
Interview Preparation Tips
ICICI Prudential Life Insurance Interview FAQs
Some of the top questions asked at the ICICI Prudential Life Insurance Financial Service Consultant interview -
The duration of ICICI Prudential Life Insurance Financial Service Consultant interview process can vary, but typically it takes about less than 2 weeks to complete.
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Overall Interview Experience Rating
based on 39 interview experiences
Difficulty level
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ICICI Prudential Life Insurance Financial Service Consultant Reviews and Ratings
based on 813 reviews
Rating in categories
|
Financial Service Consultant
1.5k
salaries
|  ₹2 L/yr - ₹4.8 L/yr |
|
Sales Manager
900
salaries
| ₹4.8 L/yr - ₹10 L/yr |
|
Associate Financial Service Manager
758
salaries
| ₹2.2 L/yr - ₹4.6 L/yr |
|
Senior Financial Service Manager
757
salaries
| ₹2.5 L/yr - ₹5.2 L/yr |
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Associate Key Relationship Manager
645
salaries
| ₹4 L/yr - ₹6.8 L/yr |
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